It's somehow been two years since the Shenmue III Kickstarter completed and since then Yu Suzuki and crew have been busy building their sequel to the fan-favorite series. We do see some glimpses of Ryo and Shenhua - along with a new character in a few different battle scenes - but for the most part, the focus is on the environment. That being said, they have always been ahead of the curve in terms of aesthetic, which is why the visuals displayed in the trailer are all the more questionable. The Shenmue series, signed by Yu Suzuki, is renowned for its extensive Quick Time Event sessions, which adapt to both cinematic sequences and real fights.
The game, especially the first one, was lauded for its ultra-realistic, free-roaming style before games like Grand Theft Auto III popularized the full-fledged open-world genre.
The teaser trailer is built from a "small slice" of an in-development build of the game, and provides a sneak peek at the new looks of the main characters, new characters, and the feels of Shenmue world. Here's hoping that all that patience pays off for the fans. This is probably because we've been spoiled by games using motion capture in recent years, but these are the standards that Shenmue III will be held to, and it's clear there's an enormous amount of work to be done.